Should I renovate my basement? Will it be worth the money if I do so? Do I really need the additional space from a finished basement? If these questions look familiar, you might be indecisive about renovating your unfinished basement. While basement renovation might not be the first thing on your mind, an unfinished basement counts as a lost opportunity.
If you’re here looking to validate whether basement remodeling is worth it, we’ll discuss why it’s helpful for you and your family.
Why You Should Finish Your Basement
If you have an unfinished basement at home, there are better and more creative ways to use that area. A finished basement is worth more than you might think. So if you’re considering upgrading a space, we’ve detailed five reasons to prioritize your basement.
1. Offers additional storage space and organization
If you think your living space is too disorganized and cluttered, finishing your basement can provide a solution. The extra space you’ll get from your finished basement can offer storage space for toys, exercise equipment, holiday decorations, and more. With built-in cabinets and shelving, a finished basement enables you to store items in a secure, safe, and organized manner.
2. Improves your house’s resale value
A home’s value or evaluation is typically based on the finished square footage. If you have a fully furnished home and basement, you have double the space of your home’s lot area. The increased living space yields a great return on investment when you post it on sale on the market. If you have enough budget for basement remodeling in CT, and this sounds great, contact a professional contractor now.
3. Increases your living space
Typically, the basement size is close to your house’s lot area. So a finished basement can almost double your living space. If you have a growing household, you don’t need to move into a bigger house to accommodate them with you. A finished basement offers room for additional bedrooms or any essential amenities.
When you work with professional home renovation companies, they’ll help you come up with the best basement layout that will work best for you and your family.
4. Creates an opportunity for investment
When you use your finished basement to build a rental space, you’ll have a good amount of financial gain, plus the additional amount you can have in return if you plan to sell your property in the future. If you’re a business-minded person, you’ll benefit from your basement if you plan to use it as a rental opportunity for long-term tenants or individuals visiting your area.
So if you’re interested in this option, hire local handyman services and consider their suggestions and professional input to ensure your property is structured and ideal for this process.
5. Resells your house faster and easier
A finished basement increases a home’s value and makes it appealing to homebuyers when posted on the market. A finished basement can reinforce a buyer’s decision. It can be considered a bonus and added luxury since they don’t have to spend time and money renovating the basement when the home gets turned over to them.